Mexico bails out bankrupt shared network operator

Mexico’s telecoms regulator has given the go-ahead for what is effectively a state bailout of Altan Redes, which operates the country’s shared LTE network.
The Instituto Federal de Telecomunicaciones (IFT) said it has approved the financing arrangement Altan Redes announced earlier this month that will see it gain access to a credit agreement worth US$388.1 million. The agreement comes almost a year after Altan Redes filed for bankruptcy protection under Mexican law, before then agre